May 21, 2012
Do-It-Yourself Wills and Trusts Can Be Risky
Do-it-yourself legal services is becoming more popular. Nolo Press and LegalZoom advertise do-it-yourself wills and trusts for less money than it would take to hire an attorney, but do you get the same product?
The American Bar Association reviewed some of these services and found potential for ruinous results. People who use these services might end up with an outcome different than what they intended, or worse, end up costing their family more in the long run. The biggest risk is improper drafting and execution. For a will to be valid, it has to be extremely precise and meet specific execution requirements.
See Bernard A. Krooks, Is Do-It-Yourself Estate Planning a Valid Option??, Forbes, May 17, 2012.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.
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